Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 21.01 as of Sunday, July 26, 2026.
Forward PE Ratio (21.01) = Close Price ($167.74) / Consensus Forward EPS ($7.98)
FORWARD PE RATIO
21.01
SECTOR MEDIAN · TECHNOLOGY
26.26
median of 149 covered companies
CURRENT VS SECTOR MEDIAN
-19.99%
vs the sector median at left
NetApp, Inc.
Market Cap
$32.86B
Forward PE Ratio
21.01
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| NetApp, Inc. (NTAP) | $32.86B | 21.01 |
| ANSYS, Inc. (ANSS)vs › | $32.91B | 29.34 |
| Jabil Inc. (JBL)vs › | $32.76B | 24.51 |
| ON Semiconductor Corporation (ON)vs › | $33.79B | 28.11 |
| Ubiquiti Inc. (UI)vs › | $31.82B | 34.47 |
| Roblox Corporation (RBLX)vs › | $34.04B | N/A |
| Celestica Inc. (CLS)vs › | $35.10B | 30.34 |
| Teledyne Technologies Incorporated (TDY)vs › | $30.36B | 26.87 |
| Workday, Inc. (WDAY)vs › | $35.45B | 14.90 |
| Veeva Systems Inc. (VEEV)vs › | $30.25B | 23.45 |
Trailing P/E
26.4
reported TTM EPS
Forward P/E
21.0
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $7.98 implies +25.5% EPS growth vs the reported trailing $6.36.
At today's $167.74 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2027-04-24 | $8.91 | $8.86 – $9.04 | 12 | 18.8x |
| 2028-04-24 | $9.84 | $9.19 – $10.50 | 12 | 17.0x |
| 2029-04-24 | $10.52 | $10.24 – $10.94 | 1 | 15.9x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
